Micron Technology says it will invest $40 billion in memory manufacturing in the U.S., thanks to the semiconductor-industry subsidy President Joe Biden signed Tuesday.

Micron said in a news release, the investment will create about 40,000 U.S. jobs, including approximately 5,000 highly paid technical and operational roles at Micron and 35,000 support and community jobs.

Micron says, it will be the biggest investment in memory manufacturing in U.S. history and the new legislation will enable Micron to grow domestic production of memory from less than 2% to up to 10% of the global market in the next decade

The release goes on to say, this will make the U.S. home to the most advanced memory manufacturing and R&D in the world.